The government contracting industry is one of the largest in the world. It is currently worth 600-700 billion dollars and is growing each and every day. The Defense Contract Audit Agency (DCAA), is responsible for monitoring and auditing such government contracts to ensure that taxpayer money is spent properly and ethically. The base NetSuite product is a GAAP compliant accounting system and has the capability to record project-specific GL transactions for timekeeping and accounts payable. To meet some key regulations not natively managed by NetSuite, Caravel’s Government Contracting DCAA Compliance SuiteBundle is built directly into NetSuite to supplement the functionality needed to remain DCAA compliant. Implementation of our DCAA SuiteBundle can occur during or post NetSuite base implementation.

Timekeeping

COST ACCOUNTING

(Indirect vs Direct Costing)

REPORTING